Sivia Capital Partners LLC Sells 1,442 Shares of Canadian Natural Resources Limited (NYSE:CNQ)

by · The Cerbat Gem

Sivia Capital Partners LLC lessened its holdings in Canadian Natural Resources Limited (NYSE:CNQ – Free Report) (TSE:CNQ) by 16.8% in the third quarter, Holdings Channel reports. The institutional investor owned 7,131 shares of the oil and gas producer’s stock after selling 1,442 shares during the period. Sivia Capital Partners LLC’s holdings in Canadian Natural Resources were worth $237,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Lighthouse Investment Partners LLC acquired a new stake in shares of Canadian Natural Resources during the 2nd quarter worth approximately $890,000. Capital Wealth Planning LLC grew its position in shares of Canadian Natural Resources by 228.5% during the 2nd quarter. Capital Wealth Planning LLC now owns 91,652 shares of the oil and gas producer’s stock worth $3,263,000 after buying an additional 63,756 shares during the period. Souders Financial Advisors grew its position in Canadian Natural Resources by 103.0% in the 2nd quarter. Souders Financial Advisors now owns 99,999 shares of the oil and gas producer’s stock valued at $3,560,000 after purchasing an additional 50,744 shares during the period. JBF Capital Inc. grew its position in Canadian Natural Resources by 101.1% in the 2nd quarter. JBF Capital Inc. now owns 512,198 shares of the oil and gas producer’s stock valued at $18,234,000 after purchasing an additional 257,549 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its position in Canadian Natural Resources by 123.0% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 8,920,000 shares of the oil and gas producer’s stock valued at $317,766,000 after purchasing an additional 4,920,000 shares during the period. Institutional investors own 74.03% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on CNQ shares. Wolfe Research started coverage on shares of Canadian Natural Resources in a research report on Thursday, July 18th. They issued a “peer perform” rating for the company. StockNews.com downgraded shares of Canadian Natural Resources from a “buy” rating to a “hold” rating in a research report on Friday, August 23rd. Finally, Desjardins raised shares of Canadian Natural Resources from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, October 8th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $49.50.

View Our Latest Research Report on Canadian Natural Resources

Canadian Natural Resources Stock Performance

Canadian Natural Resources stock traded down $0.27 during midday trading on Monday, reaching $37.33. The stock had a trading volume of 846,116 shares, compared to its average volume of 5,507,309. Canadian Natural Resources Limited has a 12 month low of $29.45 and a 12 month high of $41.29. The firm’s 50-day moving average price is $34.80 and its 200 day moving average price is $36.23. The firm has a market capitalization of $79.43 billion, a PE ratio of 14.98 and a beta of 1.50. The company has a quick ratio of 0.59, a current ratio of 0.88 and a debt-to-equity ratio of 0.24.

Canadian Natural Resources (NYSE:CNQ – Get Free Report) (TSE:CNQ) last announced its quarterly earnings data on Thursday, August 1st. The oil and gas producer reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.26. Canadian Natural Resources had a return on equity of 22.09% and a net margin of 18.05%. The business had revenue of $7.76 billion for the quarter, compared to analysts’ expectations of $6.19 billion. During the same period in the previous year, the business posted $0.43 EPS. As a group, research analysts predict that Canadian Natural Resources Limited will post 2.5 earnings per share for the current fiscal year.

Canadian Natural Resources Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 13th will be given a dividend of $0.388 per share. The ex-dividend date is Friday, December 13th. This is a boost from Canadian Natural Resources’s previous quarterly dividend of $0.38. This represents a $1.55 annualized dividend and a dividend yield of 4.16%. Canadian Natural Resources’s dividend payout ratio is currently 66.14%.

Canadian Natural Resources Company Profile

(Free Report)

Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs). The company offers light and medium crude oil, primary heavy crude oil, Pelican Lake heavy crude oil, bitumen (thermal oil), and synthetic crude oil (SCO).

Featured Stories

Want to see what other hedge funds are holding CNQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Canadian Natural Resources Limited (NYSE:CNQ – Free Report) (TSE:CNQ).